The Asean + 3 Macroeconomic Review Office (AMRO) is expecting the Asean + 3 nations to grow by 6.7% this year, ahead of the 6.0% it had predicted in April 2020.

The upgrade - which follows the 0.2% contraction in the region’s economy in 2020 – comes as the economies have been proven to be resilient in the face of the pandemic.

Still, the economies are not out of the woods yet, cautioned the macroeconomic watchdog which monitors Asean, China, Japan and Korea.

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